Medicinal Marijuana: The Cannabis Fund Trend

Two investment firms have recently launched medicinal marijuana stocks in the world of stock market. In February, ETF Managers Group LLC (ETFMG) revealed its plans to start exchange-traded fund (ETF) for marijuana – the Emerging Agrosphere ETF.

This fund will be for marijuana companies that ventures in cannabis businesses for medical purposes only. It will not invest in firms that are engaged in non-medical uses of marijuana in Canada, United States or other countries unless non-medical marijuana has been approved and legal to use.

Companies Under the Emerging Agrosphere ETF (ETFMG)

The ETF index was introduced in April in Toronto Stock Exchange or TSX. The following are the businesses that are part of the North American Medical Marijuana Solactive AG index:

Companies Under Horizon’s Medicinal Marijuana Life Sciences ETF

The other investment firm that also filed for ETF on TSX was the Horizon’s Medical Marijuana Life Sciences ETF (TSE:HMMJ). This will also concentrate on companies that are engaged in the production of marijuana for medicinal purposes.

The fund also requires medical marijuana businesses to meet the fund’s minimum requirement regarding company assets and liquidity ratios to be included in the ETF.